State of Alaska Department of Revenue lowered its stake in shares of Ceridian HCM Holding Inc. (NYSE:CDAY – Free Report) by 9.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,210 shares of the company’s stock after selling 1,987 shares during the period. State of Alaska Department of Revenue’s holdings in Ceridian HCM were worth $1,286,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Advisor Group Holdings Inc. lifted its holdings in Ceridian HCM by 137.2% in the first quarter. Advisor Group Holdings Inc. now owns 5,962 shares of the company’s stock valued at $406,000 after acquiring an additional 3,448 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Ceridian HCM by 149.1% in the 1st quarter. Raymond James & Associates now owns 4,933 shares of the company’s stock valued at $337,000 after purchasing an additional 2,953 shares during the last quarter. US Bancorp DE grew its holdings in shares of Ceridian HCM by 133.5% during the 1st quarter. US Bancorp DE now owns 1,880 shares of the company’s stock worth $128,000 after purchasing an additional 1,075 shares during the period. Private Advisor Group LLC increased its position in shares of Ceridian HCM by 38.8% during the 1st quarter. Private Advisor Group LLC now owns 3,155 shares of the company’s stock worth $216,000 after purchasing an additional 882 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Ceridian HCM by 416.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,152 shares of the company’s stock valued at $353,000 after buying an additional 4,154 shares during the period.
Wall Street Analysts Forecast Growth
CDAY has been the topic of several research analyst reports. Barclays boosted their price objective on shares of Ceridian HCM from $73.00 to $74.00 and gave the company an “equal weight” rating in a report on Thursday, August 3rd. Needham & Company LLC upgraded shares of Ceridian HCM from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a report on Thursday, October 5th. Citigroup boosted their target price on Ceridian HCM from $74.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, July 21st. Piper Sandler reissued a “neutral” rating and issued a $73.00 target price on shares of Ceridian HCM in a research report on Thursday. Finally, TD Cowen lowered Ceridian HCM from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $69.00 to $71.00 in a research report on Thursday, July 13th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $79.25.
Insider Activity at Ceridian HCM
In related news, insider Stephen H. Holdridge sold 1,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $75.00, for a total value of $75,000.00. Following the transaction, the insider now owns 63,756 shares of the company’s stock, valued at $4,781,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Ceridian HCM news, insider Stephen H. Holdridge sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $75.00, for a total value of $75,000.00. Following the transaction, the insider now directly owns 63,756 shares in the company, valued at $4,781,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph B. Korngiebel sold 11,193 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $70.26, for a total value of $786,420.18. Following the transaction, the executive vice president now directly owns 113,060 shares in the company, valued at approximately $7,943,595.60. The disclosure for this sale can be found here. Insiders have sold 32,650 shares of company stock valued at $2,329,207 over the last quarter. 4.50% of the stock is owned by insiders.
Ceridian HCM Stock Down 0.5 %
CDAY stock opened at $72.64 on Friday. The company’s 50 day moving average price is $71.30 and its 200 day moving average price is $67.74. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.10 and a current ratio of 1.10. Ceridian HCM Holding Inc. has a fifty-two week low of $51.75 and a fifty-two week high of $79.66. The firm has a market capitalization of $11.30 billion, a price-to-earnings ratio of -807.11, a PEG ratio of 4.51 and a beta of 1.42.
Ceridian HCM (NYSE:CDAY – Get Free Report) last released its earnings results on Wednesday, August 2nd. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $365.90 million for the quarter, compared to analysts’ expectations of $358.05 million. Ceridian HCM had a positive return on equity of 0.67% and a negative net margin of 0.95%. On average, equities research analysts anticipate that Ceridian HCM Holding Inc. will post 0.39 EPS for the current fiscal year.
Ceridian HCM Profile
Ceridian HCM Holding Inc, together with its subsidiaries, operates as a human capital management (HCM) software company in the United States, Canada, and internationally. It offers Dayforce, a cloud HCM platform that provides human resources, payroll, benefits, workforce management, and talent management functionality; and Powerpay, a cloud HR and payroll solution for the small business market.
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